Springing into Action: Homebuyer Activity Heats Up for the Season Ahead

Springing into Action: Homebuyer Activity Heats Up for the Season Ahead

With the arrival of spring, the housing market is heating up as more and more buyers enter the market. Mortgage applications are up, indicating increased consumer demand and a potential rise in home sales. Now is the perfect time for homeowners to consider selling their homes and capitalizing on the current market conditions.

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Home Expenses You Can't Deduct on Your Tax Return as a Homeowner
Rinde Philippe Rinde Philippe

Home Expenses You Can't Deduct on Your Tax Return as a Homeowner

The costs of obtaining a mortgage or refinancing an existing one include refinance, loan assumption, credit report, and appraisal fees. These expenses are not tax deductible, but they can be deducted from the cost basis of your home, lowering your capital gains tax liability when you sell it.

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